Tories challenge chancellor to rule out tax rises in budget as Badenoch labelled ‘embarrassment’ for Bank of England gaffe – UK politics live
UK Conservative politicians are pressuring the government to rule out tax increases in the upcoming budget while criticizing Labour's economic management. The debate highlights concerns over business confidence and the potential flight of taxpayers from the country.
Why it matters
Reflects the ongoing political and economic tension in the UK regarding fiscal policy and business regulation.
Good morning. With less than six weeks so go until the budget, economics is rising up the agenda at Westminster. The Bank of England is announcing its latest interest rate decision later – Graeme Wearden will have all the details on his business live blog – and Andrew Griffith is giving his first major speech since being appointed as shadow chancellor just over two weeks ago.
Not surprisingly, Griffith is urging the chancellor, John Healey, to rule out tax rises in the budget. He has been doing interviews this morning and he told BBC Breakfast:
double quotation mark The taxes or the fear of taxes … are driving really big taxpayers to leave our country for overseas, taking hundreds of millions of pounds of tax revenues that will pay for public services …
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